Wall Street took a hit today as financial stocks tumbled sharply. The selloff was triggered by JPMorgan Chase leadership raising concerns about President Trump's interest-rate cap proposal on credit cards. Major banks are worried this regulatory move could squeeze their lending margins significantly. Market watchers see this as a signal of growing policy uncertainty around the financial sector. For crypto investors, stock market volatility often serves as a leading indicator for broader asset class movements. When traditional finance faces headwinds, capital flows can shift unpredictably across markets.
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Wall Street took a hit today as financial stocks tumbled sharply. The selloff was triggered by JPMorgan Chase leadership raising concerns about President Trump's interest-rate cap proposal on credit cards. Major banks are worried this regulatory move could squeeze their lending margins significantly. Market watchers see this as a signal of growing policy uncertainty around the financial sector. For crypto investors, stock market volatility often serves as a leading indicator for broader asset class movements. When traditional finance faces headwinds, capital flows can shift unpredictably across markets.